Currently, there are 347.40M common shares owned by the public and among those 342.28M shares have been available to trade.
The company’s stock has a 5-day price change of 4.15% and 20.88% over the past three months. IP shares are trading 10.16% year to date (YTD), with the 12-month market performance up to 63.88% higher. It has a 12-month low price of $32.70 and touched a high of $60.36 over the same period. IP has an average intraday trading volume of 4.38 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.65%, 5.30%, and 23.56% respectively.
Institutional ownership of International Paper Co (NYSE: IP) shares accounts for 129.70% of the company’s 347.40M shares outstanding.
It has a market capitalization of $20.60B and a beta (3y monthly) value of 1.02. The stock’s trailing 12-month PE ratio is 50.42, while the earnings-per-share (ttm) stands at $1.18. The company has a PEG of 2.35 and a Quick Ratio of 1.11 with the debt-to-equity ratio at 0.94. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.93% over the week and 1.77% over the month.
Earnings per share for the fiscal year are expected to decrease by -47.33%, and 164.35% over the next financial year. EPS should grow at an annualized rate of 21.48% over the next five years, compared to -29.18% over the past 5-year period.
Looking at the support for the IP, a number of firms have released research notes about the stock. Exane BNP Paribas stated their Underperform rating for the stock in a research note on November 13, 2024, with the firm’s price target at $48.20. Argus coverage for the International Paper Co (IP) stock in a research note released on August 14, 2024 offered a Buy rating with a price target of $52. Stifel was of a view on July 09, 2024 that the stock is Hold, while Seaport Research Partners gave the stock Buy rating on June 28, 2024, issuing a price target of $52. Jefferies on their part issued Buy rating on May 23, 2024.
